Merrill Lynch has hired Jim Crimmins, managing director and head of the financial strategies group at Morgan Stanley in New York, as a managing director and senior derivatives marketer. Michael DuVally, spokesman at Merrill in New York, said Crimmins, who will start at the firm in early March, will work with interest rate, long dated foreign exchange and credit risk management for corporate clients. This activity includes interest rate swaps. Crimmins did not return calls.
Tim Davenport head of derivatives solutions at Merrill in New York, to whom Crimmins will report, said Crimmins' leadership skills and experience will bolster the team, but referred further comment to DuVally.
Elinor Hoover, the managing director at Morgan Stanley to whom Crimmins reported, and Judy Hitchen, spokeswoman, did not return messages.